Initial Investment Present Value Formula

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    Read the following instructions in order to complete this discussion and review theexample of how to complete the math required for this assignment:
    Think of something you want or need for which you currently donot have the funds. It could be a vehicle boat horse jewelryproperty vacation college fund retirement money or something else.Pick something which cost somewhere between $2000 and $50000.
    On page 270 of Elementary and Intermediate Algebra youwill find the Present Value Formula which computes how much money youneed to start with now to achieve a desired monetary goal. Assume youwill find an investment which promises somewhere between 5% and 10%interest on your money and you want to purchase your desired item in 12years. (Remember that the higher the return usually the riskier theinvestment so think carefully before deciding on the interest rate.)
    Present Value Formula page 270
    The present value P that will amount to A dollars after n years with interest compounded annually at annual interest rate r is given by the formula P=A (1+r) ^-n
    Category:Algebra

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